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Apr 17, 2013
04/13
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i know we are going to mobile technology. but will there be a day when we we do not have pcs and who is better positioned in that regard, intel or yahoo? >> in that regard, yahoo is better positioned. i think it's an exaggeration to say we will not use pcs. but we will use them for more narrow application. at home, pulling out the smartphone to check on video and news, will be what we pull out. yahoo has a better chance to make the transition. and intel is establishing themselves into a new realm. >> i want ask you about apple. you heard the report on it everyone is looking to the earnings report next week. i know that you are a believer in apple. but make a case, why investor who is have lost some faith in this company should take a fresh look at apple? >> well, we all love apple products. the customer that you interviewed, sounds like my house at home. we have macs and ipads and the products are very intuitive. they have a great software eco system, we have come to expect innovation from apple and i think we will continue t
i know we are going to mobile technology. but will there be a day when we we do not have pcs and who is better positioned in that regard, intel or yahoo? >> in that regard, yahoo is better positioned. i think it's an exaggeration to say we will not use pcs. but we will use them for more narrow application. at home, pulling out the smartphone to check on video and news, will be what we pull out. yahoo has a better chance to make the transition. and intel is establishing themselves into a...
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Apr 18, 2013
04/13
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all 10 s&p sectors lower with technology and financial seeing the biggest declines. the dow still fell by 138 points, closing the day at 14,618. the s&p 500 was down 22 and the nasdaq down by 60 points dragged down by shares of apple which dipped below $400 a share today before closing at $402. that after cirius logic hinted at a slowdown in production of iphones and ipads. >>> jp morgan chase with a 3.5% decline. bob fasanni has more on today's action in the markets from the floor of the new york stock exchange. >> reporter: it was another whip saw day that started ugly right off the bat. the problem is that key commodities like copper, aluminum and nickel were again dropping at essentially 52-week lows, all on concerns about slowing global growth. key commodities hit 52-week lows as well. and while commodity stocks like materials and energy suffered, there were also notable decline in industrials and in financials like bank of america which missed earnings estimates. and in technology stocks, tech bell whether apple hit a new 52-week low on concerns whether slowing
all 10 s&p sectors lower with technology and financial seeing the biggest declines. the dow still fell by 138 points, closing the day at 14,618. the s&p 500 was down 22 and the nasdaq down by 60 points dragged down by shares of apple which dipped below $400 a share today before closing at $402. that after cirius logic hinted at a slowdown in production of iphones and ipads. >>> jp morgan chase with a 3.5% decline. bob fasanni has more on today's action in the markets from the...
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Apr 18, 2013
04/13
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and in technology stocks, tech bell whether apple hit a new 52-week low on concerns whether slowing iphone and ipad sales. the market stays a modest midday whether word being made in the boston marathon investigation and, again, moved down toward the close. >> the problem for the stock market is a simple one. the market has been in an uptrend all year. now we've had two big down days, two days for selling on heavy volume. that's a question whether there is still an uptrend in the market. trend followers are an important part of the market. if they determine there's no more upside to the market, the uptrend could become a downtrend. for "the nightly business report," the new york stock exchange. >> the federal reserve remains steady and upbeat. moderate growth in all 12 of its banking regions over the past 6 weeks with the overall economy getting a big boost from housing and strong auto sales. the central bank also said the economy performed better during march and week's jobs report and the dip in retail sales would indicate. >> but that report didn't do much to boost confidence today. the
and in technology stocks, tech bell whether apple hit a new 52-week low on concerns whether slowing iphone and ipad sales. the market stays a modest midday whether word being made in the boston marathon investigation and, again, moved down toward the close. >> the problem for the stock market is a simple one. the market has been in an uptrend all year. now we've had two big down days, two days for selling on heavy volume. that's a question whether there is still an uptrend in the market....
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Apr 19, 2013
04/13
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a big night for technology as google, microsoft and ibm report earnings. we'll look at the winners and the losers. >>> stockside sl again. mixed earnings and a bch economic numbers that missed projections drag down the major indexes. >> china's chief labor --well at lea that was the but as costs rise,re u.smaurerst pulling out? all that and more tonight on the "nightly business report" for this thursday, april the 18th. good evening, everybody, and welcome. i'm bill griffeth in this week for tyler mathisen. suzy, it's clear that technology is going to set the tone for tomorrow, don't you think? >> three big tech names in the news tonight, google, microsoft and ibm. three huge technology companies all reporting latest quarterly earnings after the bell tonight with mixed results. the results are important given new concerns about slowing global economic growth. and a sharp decline in the sales of personal computers this year. the report set up a flurry of activity in after-hours trading as the direction of all three companies will impact countless other tech
a big night for technology as google, microsoft and ibm report earnings. we'll look at the winners and the losers. >>> stockside sl again. mixed earnings and a bch economic numbers that missed projections drag down the major indexes. >> china's chief labor --well at lea that was the but as costs rise,re u.smaurerst pulling out? all that and more tonight on the "nightly business report" for this thursday, april the 18th. good evening, everybody, and welcome. i'm bill...
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Apr 19, 2013
04/13
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companies, technology earnings. and there are so many changes happening in the technology space. and you see a company like apple once, you know, the darling of the tech sector. now it's, you know, kind of a broken company, so to speak. what is it, shook, that defines what makes a winner in the technology space versus an also ran? >> absolutely. going back to the apple story, i think the company's meteoric stock rise from its mid-peak to $700 i think reflected disruptive in cycle both in terms of price and unit so the company came in anded tablet market, reor of significant value in the smartphone segment. and i think the company has been able to right that cycle, but now, of course, it's on the other side of that mountain, so to speak. so over $200 billion of market cap has been removed. and so the company is looking forward, our best position, as you pointed out, in this undergoing transformation of the technology value chain, our position at the nexus or the intersection of -- in a consumer or cloud, the informat
companies, technology earnings. and there are so many changes happening in the technology space. and you see a company like apple once, you know, the darling of the tech sector. now it's, you know, kind of a broken company, so to speak. what is it, shook, that defines what makes a winner in the technology space versus an also ran? >> absolutely. going back to the apple story, i think the company's meteoric stock rise from its mid-peak to $700 i think reflected disruptive in cycle both in...
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Apr 20, 2013
04/13
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potentially. >> oh, you would get into technology? you see bargains because they've been so beaten down over the last couple of weeks? >> yeah. i think the valuation differential is so stretched at this point, you find a lot of the big stable consumer staples companies trading at 20 times earnings, where you see a lot of the technology companies trading 10 times earnings. so about half the valuation. and we do think there is some good value there as the economy does improve. we think that's a better stunt. >> i want to ask you about economic numbers. next week we are getting economic numbers on housing. and also we're going to get a sense of how the economy grew in the first quarter with that gross domestic product gdp number coming out. how is that going to impact action next week do you think? >> i think the components and the mix of gdp growth are going to be very important. what we saw in the fourth quarter of last year was a really big drag in terms of government spending. and that's not likely to repeat here again in the first q
potentially. >> oh, you would get into technology? you see bargains because they've been so beaten down over the last couple of weeks? >> yeah. i think the valuation differential is so stretched at this point, you find a lot of the big stable consumer staples companies trading at 20 times earnings, where you see a lot of the technology companies trading 10 times earnings. so about half the valuation. and we do think there is some good value there as the economy does improve. we...
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Apr 23, 2013
04/13
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in the internet age with technology, that can be done. as far as what is being collected online already, for those companies who are already present every wrrks they are collectioning and have been collecting. but eelectronic retail means there are not the same borders anymore. the corner store that does not get an exemption from sales tax is competing with the ones that do. it is about more robust competition. >> what about the argument this the online retailer has an unfair advantage. and as you pointed out, many of the companies are collecting and remitting sales tax, why shouldn't all of them do it? >> every place you have a physical presence, you have to collect. as far as main street being at a disadvantage, look at states like pennsylvania, texas, and new york. when amazon.com began to collect sales tax. there was not a rush of customers from amazon to the main street. reason? >> they do not buy online to avoid sales tax, they buy online for lower prices, choices and convenience. the internet is here to stay. and businesses turn to
in the internet age with technology, that can be done. as far as what is being collected online already, for those companies who are already present every wrrks they are collectioning and have been collecting. but eelectronic retail means there are not the same borders anymore. the corner store that does not get an exemption from sales tax is competing with the ones that do. it is about more robust competition. >> what about the argument this the online retailer has an unfair advantage....
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Apr 24, 2013
04/13
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a good day for earnings, and most importantly, big, multinational industrial companies like united technologies, ingersoll-rand and illinois toolworks affirm their 2013 earnings guidance and if there were significant signs of an ongoing global spot of it. it may be a little bit below expectations, but we expectest mo of the way through. here's the good news. almost 70% of the company's reporting have been reporting expectations. the only 42% are beating on the top line, on revenues and that's way below the 62%. this has been a problem for several quarters and it means the companies are able to do well on earnings because they become cost-cutting monsters not because they're increasing their revenues and of course, it's good for companies to become more cost efficient, but the lack of revenues and adding to the employment problem. companies are reluctant to hire more people when they're not able to sell anymore. for "nightly business report," i'm bob pisani at the new york stock exchange. >> here now to talk more about those first quarter earnings results and to look forward is christine schwart
a good day for earnings, and most importantly, big, multinational industrial companies like united technologies, ingersoll-rand and illinois toolworks affirm their 2013 earnings guidance and if there were significant signs of an ongoing global spot of it. it may be a little bit below expectations, but we expectest mo of the way through. here's the good news. almost 70% of the company's reporting have been reporting expectations. the only 42% are beating on the top line, on revenues and that's...
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Apr 16, 2013
04/13
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they finished down 1%, but life technologies jumped to $73 a share. glaxosmithkline touched an all time high after the food and drug administration gave a better than expect ed review of an experimental treatment for lung disease. this could open the way for approval when the new treatment will be reviewed by an fda panel on wednesday. gsk gained 1.5% to $49 a share. >> as the media space reshapes itself, btig research began coverage of netflix with a $250 per share price. noted that the service is being offered as part of internet bundles as well as cable providers, rich greenfield said netflix has an improved price relationship. netflix gained about 2% on an otherwise down day today. energy was the worst performing sector today as oil dropped below $89 a barrel. the blue chip oil, they were near the bottom of the dow. each down about 3% in today's trade. >> solid quarterly earnings from charles schaub, but missed by a penny a share. partly because the firm weighed fees on money market funds. shares tumbled almost 4% to $16 a share. >> and on a day t
they finished down 1%, but life technologies jumped to $73 a share. glaxosmithkline touched an all time high after the food and drug administration gave a better than expect ed review of an experimental treatment for lung disease. this could open the way for approval when the new treatment will be reviewed by an fda panel on wednesday. gsk gained 1.5% to $49 a share. >> as the media space reshapes itself, btig research began coverage of netflix with a $250 per share price. noted that the...
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Apr 24, 2013
04/13
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going to impact many indexes and fund managers that were overly confident for the prospects of this technology company. >> apple's product cycle has a influence for better or worse. before the iphone was introduced six years ago, smart phones looked like this, now, here's the latest htc and samsung phones. if you owned blackberry, nokia or motorola shares over the past few years, apple became a pretty big stock to know about. a big launch for apple? sure, it was even bigger for hp and dell, which have seen their pc businesses implode. now there's a new reason to care about apple. cash. apple boosted its dividend to $3.05 a share. making it the biggest dividend pair in the world. the total cash return to shareholders will total $100 billion by the end of 2015. >> yes, apple is managing to lower growth expectations, it's doing so because it's now suddenly losing share. the smart phone market is not saturad, butpple finds itself losing out to more diverse and better priced android alternatives. >> reporter: tim cooke acknowledged on the call that apple's growth has slowed and its margins are comi
going to impact many indexes and fund managers that were overly confident for the prospects of this technology company. >> apple's product cycle has a influence for better or worse. before the iphone was introduced six years ago, smart phones looked like this, now, here's the latest htc and samsung phones. if you owned blackberry, nokia or motorola shares over the past few years, apple became a pretty big stock to know about. a big launch for apple? sure, it was even bigger for hp and...